s 80 Shadow directors.
(1) For the purposes of the provisions ... listed in subsection (2) neither the Treasury nor the Secretary of State shall be regarded as a shadow director of a relevant company any part of which is owned by the Crown . (2) The provisions are— (a) section 162(6) of the Companies Act 2006 (register of directors: liability for offence); (b) Chapter 3 of Part 10 of that Act (declaration of interest in existing transaction or arrangement); (c) sections 190 to 196 of that Act (transactions requiring members’ approval: substantial property transactions); (d) sections 197 to 214 of that Act (transactions requiring members’ approval: loans etc. ); (e) regulation 10(3) of the Companies (Trading Disclosures) Regulations 2008 (liability for offence), as it applies in relation to an offence under regulation 8 (disclosure of names of directors).